Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 66.61.Resistance for the USDINR is 67.5-67.67-67.78-67.87-68.07-68.13-68.16-

In medium term Dollar is relatively strengthening against Yen- Euro- Pound-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD SHORT position USDINR is moving sideways with low volatality so short term investor better to buy if close above 67.1925 close below 66.88 Sell will happen. The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signal